GNUS is a new interesting token that offers users great benefits. The founder team launched its ICO sale on July 15, 2022. The sale will end on April 20, 2023. The total supply of tokens is 7,401,708.748297. However, only some percentage is available at this stage.
Genius Ventures is a great project. It aims to give average users access to high-performance computing systems. Historically, this privilege was reserved for large companies that have the financial, technical, and human resources to implement and manage such systems. According to surveys, more than 5 billion users interact with data daily. Some analysts think that the number can become 6 billion by 2025.
That means additional traffic on websites. Developers need better tools and methods to handle this situation. High-volume data processing requires additional processing. Thus, the demand for advanced computing and performance increased significantly.
Consequently, several major companies like Google Cloud Platform (GCP), Microsoft Azure, and Amazon Web Services (AWS) recently introduced cloud-based computing services for medium- and small-sized developers. The creators need advanced IT resources to support a wide range of platforms and applications. Cloud computing resources can easily support global apps, but the centralized architecture recently introduced the issue of scalability. Distributed computing solves this problem. It spreads the demand for computing processes across several machines with high power.
However, the Genius team created the GNUS tokens system infrastructure that serves as a distributed multi-purpose service. It provides a cryptographic payment system that allocates computing resources and afterward integrates them into real-world projects. As a result, developers can now buy as many scalable distributed resources as they need to power their projects by simply purchasing the GNUS tokens. Besides, token holders can use GNUS in exchange for computing power or trade the tokens for conventional currency.
Thanks to Genius Ventures, developers will be able to tokenize computing power, integrate their projects on blockchain technology, and use its inherent distributed architecture as leverage. Genius boasts many advantages. It provides a hybrid crypto, along with a token system. The latter enables users to enjoy high-speed transactions.
Moreover, the company tied payments and data resources to the end user’s wallet. It is also very secure. So customers don’t have to worry about the safety of their funds. Users can easily request the processing of data for AI or Machine Learning. They will pay fees to the company and get an account that converts the currency into GNUS Tokens. The team noted that all transactions happen via a payment/crypto conversion system and a distributed web interface.
The platform uploads the data that needs processing to an encrypted area in distributed file systems. The company will charge the costs of storage against the deposit. If the customer already has storage for their own data, the system will automatically reference this data through secure SSL transactions with the individual users’ SSL public key.